Launch of Monochrome Ethereum ETF on Cboe Australia

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Launch of Ethereum ETF
  2. Monochrome Bitcoin ETF: IBTC
  3. Conclusion


    4. Monochrome, an Australian asset management firm, has applied for listing the Monochrome Ethereum ETF (IETH) on Cboe Australia. The ETF will provide Australian investors with exposure to Ethereum.

    Launch of Ethereum ETF

    Monochrome, in collaboration with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum ETF (IETH) on Cboe Australia. The new fund will offer Australian investors exposure to Ethereum, further strengthening Monochrome's presence in the Australian digital asset market. The IETH is expected to be available by late September 2024 and will be traded through major brokerage platforms. Unlike unregulated crypto investment methods, the IETH fund will be a fully regulated product designed to passively hold Ethereum, allowing both cash and in-kind transactions.

    Monochrome Bitcoin ETF: IBTC

    The application for the Ethereum ETF listing follows the launch of the Monochrome Bitcoin ETF earlier this year in June. Monochrome applied for listing with Cboe Australia, a global exchange platform. The IBTC is the first Australian Bitcoin ETF licensed under the Australian Financial Services License (AFSL) for retail crypto-assets. According to the monthly redemption and issuance notice, as of August 31, aside from the $1 million unlisted units, the total net asset value of the fund is $11,008,032.

    Conclusion

    The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

    The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Verona Launches verUSD Stablecoin for AI Payments

Verona has launched a new dollar stablecoin, verUSD, designed for AI payments and machine transactions, with over $100 million in institutional commitments.

user avatarAyman Ben Youssef

Blockchain.com Plans IPO to Enter US Public Markets

Blockchain.com is reportedly preparing for an initial public offering that could raise around $500 million.

user avatarSon Min-ho

Bybit Partners with Franklin Templeton for Innovative Off-Exchange Collateral Program

Bybit partners with Franklin Templeton to allow institutional traders to use tokenized fund shares as collateral without depositing them on the exchange.

user avatarTando Nkube

BTCS Prepares for Tokenized Stocks Trading Under SEC Exemption

BTCS's Imperium unit has completed compliance work for potential trading of tokenized stocks under a new SEC exemption.

user avatarKofi Adjeman

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.